Sixth of October Development and Investment Company (SODIC) has achieved EGP 1 bn in presales of its all-villa signature community, “The Estates,” on September 28 during the first day of the launch, Invest-Gate reports.

“The success comes as a continuum to SODIC’s proven record in catering to the upscale housing market and as a testament to the demand for refined exclusive single-family homes in New Zayed,” the company said in an official statement on September 30.

SODIC is now laying the cornerstone for New Zayed with the area’s first upscale community, coming after the fully delivery of Allegria – SODIC’s signature golf development in Sheikh Zayed.

The latest addition to SODIC’s signature communities, “The Estates,” spans 630,000 square meters, of which 160,000 square meters are allocated for landscape and open spaces. The project is master-planned with a 13% footprint, ensuring privacy and seamless integration with nature.

Serviced by a world-class designer clubhouse and spa at the heart of the project, “The Estates” will comprise spacious luxurious homes ranging from mansion-like flat villas to townhouses and twin houses, located only five kilometers north of SODIC West.

“The Estates” is the debut of a series of new projects to be developed by SODIC in New Zayed – West Cairo’s upcoming neighborhood, representing a new generation of developments by SODIC in west Cairo.

Envisioned as the future of west Cairo, New Zayed is set to become a natural extension to the upscale neighbourhood of Sheikh Zayed, enjoying easy and faster access to Cairo’s eastern neighborhoods and the North Coast, benefiting from the newly developed surrounding road network as well as the proximity to the Sphinx International Airport (SIA) and the Grand Egyptian Museum (GEM).